Privacy Act 1988
PART IIIA
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CREDIT REPORTING
Division 3
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Credit providers
Subdivision C
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Dealing with credit information
SECTION 21E
21E
PAYMENT INFORMATION MUST BE DISCLOSED TO A CREDIT REPORTING BODY
If: (a) a credit provider has disclosed default information about an individual to a credit reporting body under section 21D ; and (b) after the default information was disclosed, the amount of the overdue payment to which the information relates is paid;
View history note
Hide history noteIf: (a) a credit provider has disclosed default information about an individual to a credit reporting body under section 21D ; and (b) after the default information was disclosed, the amount of the overdue payment to which the information relates is paid;
the provider must, within a reasonable period after the amount is paid, disclose payment information about the amount to the body under that section.
Civil penalty: 500 penalty units.
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